Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $800 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fountain Square area of Indianapolis.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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550 Fletcher Ave
2 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Emhardt Apartments
2 Bedroom Apartments

Emhardt Apartments

512 E Minnesota StIndianapolis, IN 46203
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Fletcher Place Lofts
1 Bedroom Apartments

Fletcher Place Lofts

410 S College AveIndianapolis, IN 46203
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Fountain Square, Indianapolis, IN Local Guide

Cheapest Available Fountain Square Apartments for Rent

 

The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 1 Bed unit found at Madison Lofts priced from $830. Lofts on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Madison Lofts1x1 597sf1BR,1BA$830
Lofts on MadisonStudioStudio,1BA$999
Rise on MeridianThe AmeliaStudio,1BA$1,256
Mozzo apartmentsModern Studio, Steps Away from Downtown and Fou...Studio,1BA$1,299
The VueONE BEDROOM APARTMENT1BR,1BA$1,311
Five Twenty VirginiaE1BR,1BA$1,333
CityWayClark1BR,1BA$1,360
Wheeler LoftsR1BR,1BA$1,549
Union SquareThe Cairo1BR,1BA$1,585
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1BA$1,619

Best Value Apartments for Rent in Fountain Square, IN

As of August 02, 2025 the best value apartment in the Fountain Square area is the $1.73 price per square foot C5 Model at Pinnex in the in the Wholesale District neighborhood starting from $2,599. The second greatest value Fountain Square apartment is the 2 Bed 1.5 Bath Model at Fountain Square Townhomes starting at $1,619 with a $1.35 price per square foot in the Concord neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
PinnexC53BR,2.5BA$1.73
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
Wheeler LoftsR1BR,1BA$1.37
Union SquareThe Christie Furnished1BR,1BA$2.68
The VueSTUDIO APARTMENTStudio ,1BA$1.85
2133 Napoleon St, Unit B2133 Napoleon St1BR,1BA$2.53
Five Twenty VirginiaE1BR,1BA$2.05
Mozzo apartmentsLive in The Heart of Fountain-Fletcher Arts Dis...1BR,1BA$2.22
Madison Lofts1x1 590sf1BR,1BA$1.85
Lofts on MadisonStudioStudio ,1BA$1.82

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #144

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Fountain Square Neighborhood in Indianapolis, IN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fountain Square Apartments

What is the Cheapest Studio apartment in Fountain Square?

Currently the most affordable Cheap Studio Apartment in Fountain Square is at Lofts on Madison listed at $999.

How much is rent for a Cheap One Bedroom Fountain Square Apartment?

The lowest price for a Cheap One Bedroom Fountain Square Apartment is $830 at Madison Lofts.

What is the lowest price for a Cheap Two Bedroom Fountain Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fountain Square is starting from $1,150 at Madison Lofts.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.